this post was submitted on 18 Oct 2024
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This makes zero sense.. If you're a cloud company why can't employees be in the cloud
Because real-estate is physical money.
But that's something I don't actually understand, since real estate would fall under the sunk cost fallacy. Ie, if you've invested in real estate, the cost is spent already, right? Whether someone comes in that building is irrelevant. The costs spent to maintain, heat, clean, power the buildings, on the other hand... It's just not really obvious to me. Seems like fewer people would cost cheaper, no?
If a company has a lot of money in assets and those assets are worth less than before, the valuation of the company drops. This should mean lower share prices, which is basically the only thing a company cares about.